Intact Gold 2.8-million-share private placement

 May 25, 2016

Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 25, 2016.

Number of shares: 2.8 million shares

Purchase price: 12.5 cents per share

Warrants: 1.4 million share purchase warrants to purchase 1.4 million shares

Warrant exercise price: 17.5 cents for a two-year period

Number of placees: 25 placees

Insider: Anthony Jackson, 100,000

Finders’ fees: $312.50 payable to Canaccord Genuity Corp., with 2,500 warrants exercisable at 17.5 cents for two years; $2,500 payable to Mackie Research Capital Corp., with 20,000 warrants exercisable at 17.5 cents for two years; 10,400 warrants issuable to Lou Chen, exercisable at 17.5 cents for two years.

The company issued a news release on May 18, 2016, confirming closing of the private placement. Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.